Latest FX News

Banks

Two ANZ traders dismissed by the bank last
year have filed unfair dismissal claims against the bank.
According to court documents cited by the Australian Financial Review, Etienne
Alexiou and Patrick O’Connor are suing the bank claiming senior Global ...

The long running saga resulting from the
activities of rogue FX trader John Rusnak that were uncovered in 2002 appears
to have come to an end with news Citigroup has settled a litigation case with
Allied Irish Banks (AIB).
US District ...

Six more central banks
or similar institutions have completed registration with the China Foreign
Exchange Trading System (CFETS), and officially gained access to the Chinese
interbank FX market.
The Reserve Bank of
India, Bank of Korea, Monetary Authority of Singapore, ...

The Swiss National Bank (SNB) says that
it is expecting an annual loss of CHF23 billion for the 2015 financial year.
According to provisional calculations,
the loss on foreign currency positions amounted to CHF20 billion. A valuation
loss of CHF4 billion ...

At least three foreign banks have been
ordered to suspend foreign exchange business in China.
The Peoples Bank of
China (PBoC) has imposed a three month ban on some foreign banks’ FX trading in
a move intended to stamp out ...

Former Societe Generale trader Stephane
Esper has become the 11th trader to be charged by the UK’s Serious
Fraud Office over alleged manipulation of the Euribor benchmark.
In November the SFO revealed it had charged
10 other traders, from Barclays ...

FXSpotStream announced that Bank of Tokyo-Mitsubishi UFJ has
now gone live as a liquidity provider to its price aggregation service.
Bank of Tokyo-Mitsubishi UFJ is the 12th bank available to
clients connected to FXSpotStream’s service. The addition of BTMU ...

The European
Central Bank (ECB) plans to delay the daily publication of its euro FX
reference rates in order to discourage firms from using the rate as a benchmark
to trade against.
The ECB announced
in a press release today ...

According to sources, Morgan Stanley has
started a round of lay-offs in its FX and fixed income departments.
In fixed income, managing director and
co-head of investment grade trading Isabel Mahoney and investment grade
corporates rates trader Kevin Edwards are ...

Barclays has sent a disclosure clarifying its
use of ‘last look’ functionality out to its clients.
Profit
& Loss understands that Barclays
began sending the disclosure to clients when it was first published on the Barx
website at the start of ...